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Bank Rules Win Muted Praise

Some Hail Measures as Improvement on Status Quo; Others See Continued Risk

By

Damian Paletta And

David Wessel

Updated Sept. 13, 2010 12:01 a.m. ET

Two years after Lehman Brothers Holdings Inc.'s collapse shook the global financial system, bank supervisors and central bankers have agreed on a plan they hope will prevent a repeat.

The question now is whether the complex compromise will deliver the "substantial contribution to long-term financial stability and growth" promised by Jean-Claude Trichet, president of the European Central Bank and chairman of the committee that produced the deal announced Sunday.